To Buy or Not to Buy? Euros vs. Pound
For property developers interested in investing overseas, British couples looking to retire abroad, or businesses needing to import goods from Europe, the big question remains – to buy or not to buy? Euros and pounds have battled it out during a turbulent exchange market, and much like a butterfly effect, other markets have caught the malady of destruction. Property, business, trade and tourism have all suffered, but are things getter better or does the pound still have an unstable battle against the Euro?
Despite reports about the fluctuating pound, the Euro reached an overall low against the British pound when considered for the year. The Telegraph reported last year that the pound’s weakness would be up against the US dollar, not the Euro. For those looking to buy Euros today, the current EUR/GBP currency conversion is at 0.8365, after being as low as 0.8279.
Furthermore, auxiliary currency brokers have become the best places to buy Euros, and are able to offer more bespoke and tailor-made services to both individual businesses in a time when the market is so volatile. To buy Euros or to make trade transactions in Europe, there are many options available today, which is the reason why more and more UK businesses are switching over from banks to exchange brokers.
Buy Euros from Currency UK today. If you need overseas transactions, the pound today has better weight over the current three month average.
Posted in Daily Market News on May 30 2014